What is the synonym of turnover?

Synonyms & Near Synonyms for turnover. revolution, rotation, turn.

What turnover means?

Definition of turnover

an act or result of turning over; upset. change or movement of people, as tenants or customers, in, out, or through a place: The restaurant did a lively business and had a rapid turnover. the aggregate of worker replacements in a given period in a given business or industry.

What is another word for turn over in a business?

In this page you can discover 15 synonyms, antonyms, idiomatic expressions, and related words for turnover, like: upset, employee turnover, profit, turn over, overturn, dollar volume, turnover rate, gross-profit, profitability, headcount and earning.

What is another word for employee turnover?

Definition: Staff attrition refers to the loss of employees through a natural process, such as retirement, resignation, elimination of a position, personal health, or other similar reasons.

Is turnover same as sales?

Sales and turnover are sometimes used interchangeably to mean the same thing but are slightly different. Sales are the total value of products (goods and services) a business sells. In contrast, turnover (sales turnover) measures how much the company sold its products and services within a given period.

What is difference between attrition and turnover?

Employee turnover and attrition both occur when an employee leaves the company. Turnover , however, is from several different actions such as discharge, termination, resignation or abandonment. Attrition occurs when an employee retires or when the employer eliminates the position.

What does high turnover mean?

What is a high turnover rate? A high turnover rate means that many of your employees – more than what’s expected in your line of business – have quit the organization over a certain period of time.

What is it called when people leave a company?

resign Add to list Share. To resign is to quit or retire from a position. You can also resign yourself to something inevitable, like death — meaning you just accept that it’s going to happen. When people resign, they’re leaving something, like a job or political office. Congressmen resign after a scandal.

What is turnover in the workplace?

Employee turnover, or employee turnover rate, is the measurement of the number of employees who leave an organization during a specified time period, typically one year.

How do you calculate turnover?

“Take the total number of people leaving the job and divide that by the average number of people in the company [average the number of employees at the beginning and end of the time period].” Then, take that number and multiply it by 100 to get the employee turnover rate.

Is turnover before or after tax?

TBT or turnover before tax is a measure of how much a company makes in revenue before taxes as deducted. It is calculated by taking the total revenue of a company and subtracting the cost of goods sold (COGS). The resulting number is the company’s gross profit.

What does turnover mean in tax?

What is turnover? Turnover is the total amount of money your business receives as a result of the sales from your goods and/or services over a certain period of time. The calculation doesn’t deduct things like VAT or discounts, which is why it’s also referred to as ‘gross revenue’ or ‘income’.

What does high turnover mean?

What is a high turnover rate? A high turnover rate means that many of your employees – more than what’s expected in your line of business – have quit the organization over a certain period of time.

What is turnover of a company with example?

As an example, if the cost of sales for the month totals $400,000 and you carry $100,000 in inventory, the turnover rate is four, which indicates that a company sells its entire inventory four times every year.